Ex-SEC Lawyer Explains What SEC’s Recent Waiver Means for Ripple and XRP
Main Idea
Former SEC lawyer Marc Fagel explains that the SEC's recent waiver for Ripple and XRP removes a regulatory disqualification, potentially easing operational restrictions for Ripple.
Key Points
1. The SEC's waiver removes a regulatory disqualification for Ripple, allowing it to operate without certain restrictions.
2. The waiver neutralizes a key operational restriction for Ripple, though the underlying law remains unchanged.
3. The development could help Ripple accelerate its ambitions in product development and strategic acquisitions.
4. The SEC's decision to grant relief to Ripple follows the conclusion of the legal battle between Ripple and the SEC.
Description
Marc Fagel, a former lawyer in the U.S. Securities and Exchange Commission (SEC), has offered a focused legal interpretation of the commission’s recent administrative waiver for Ripple and XRP. He argued that the waiver produces concrete operational consequences for the court injunction that followed the agency’s enforcement action. In his post, he explained that the permanent injunction prevents Ripple from violating securities laws. However, if the laws are changed, future sales without regist...
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